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Property profile & analytics
OFF-MARKET
Specialty properties
240-242 Central St, Springfield, MA 01105
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-2014388
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1899
Total area
3,191 SF
Lot
0.15 ac (6,499 SF)
Zoning code
R2
APN
SPRI S:02560 P:0047
UPID
US38-2014388
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Phoenix House Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Behavioral Health Network · 4 yrs held
Behavioral Health Network
since 2021
Last sale
$123,280
7 recorded transactions
Zoning & alternative use
R2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$159,300
Assessed 2023
Previous assessed
$159,300
+0.0% YoY
Assessed land
$22,700
Assessed improvement
$136,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1899
Heating
STEAM
Buildings
1
Stories
3
Units
3
Rooms
12
Bathrooms
3
Total area
3,191 SF
Lot
0.15 ac (6,499 SF)
Zoning code
R2
APN
SPRI S:02560 P:0047
UPID
US38-2014388
Jurisdiction
SPRINGFIELD
Zoning & alternative use
R2 · Springfield, MA
Zoning R2 · permitted uses
R2 · Springfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1899
Heating
STEAM
Stories
3
Buildings
1
Units
3
Rooms
12
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Behavioral Health Network
Individual
Free & Clear · 4 yrs held
Mailing address
417 LIBERTY ST, SPRINGFIELD, MA 01104-3736
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$123,280
Behavioral Health Network
Phoenix Houses Of New Eng
Quit Claim Arm's Length For Ne States
—
May 3, 2007
$195,000
Phoenix Houses INC
Chandler,bruce T
Grant Deed
$146,250 · Citizens Bank Of Ri
Jan 31, 2006
$200,000
Bruce T Chandler
Guillermo Avalos
Deed
$120,000 · Gmac Mtg Co Of Pa
Jul 15, 2002
$130,000
Guillermo Avalos
Curtis,sally D
Grant Deed
$127,950 · Citizens Mortgage INC
Dec 13, 1999
—
Sally D Curtis
—
Deed Of Trust
related
$32,500 · Springfield Inst For Saving
Nov 5, 1992
—
Sally D Curtis
—
Deed Of Trust
related
$40,000 · Springfield Inst For Saving
May 25, 1990
—
Sally D Curtis
—
Deed Of Trust
related
$30,000 · Springfield Inst Svgs
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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